Market Insights Mobility Travel & Tourism

Camping - El Salvador

El Salvador

El Salvador is expected to see a significant increase in revenue within the Camping market, with a projected revenue of US$127.20k in 2024.
This growth is expected to continue with an annual growth rate of 0.72% from 2024 to 2028, resulting in a projected market volume of US$130.90k by 2028.
In terms of users, the Camping market is expected to have 2.09k users users in El Salvador by 2028, with a user penetration rate of 0.0% in both 2024 and 2028.
The average revenue per user (ARPU) is projected to be US$65.86.
In El Salvador's Camping market, 58% of the total revenue is expected to come from online sales by 2028.
When compared globally, United States is projected to generate the highest revenue in this market, with an estimated revenue of US$23,270m in 2024.
Camping in El Salvador offers stunning coastal landscapes and affordable prices, attracting both domestic and international tourists.

Key regions: Vietnam, India, Germany, Saudi Arabia, United Kingdom

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Analyst Opinion

The Camping market in El Salvador has been experiencing significant growth and development in recent years.

Customer preferences: Customers in El Salvador are increasingly drawn to camping as a way to connect with nature and enjoy outdoor activities. The demand for camping gear and equipment has been on the rise as more people seek to explore the country's natural beauty and diverse landscapes.

Trends in the market: One notable trend in the Camping market in El Salvador is the growing popularity of eco-friendly and sustainable camping practices. Consumers are showing a preference for environmentally friendly products and are willing to invest in high-quality, durable gear that aligns with their values. Additionally, there is a rising interest in unique camping experiences, such as glamping and off-the-grid camping sites.

Local special circumstances: El Salvador's rich biodiversity and stunning natural attractions make it an ideal destination for camping enthusiasts. From lush forests to pristine beaches, the country offers a wide range of camping opportunities for both locals and tourists. The government has also been promoting ecotourism initiatives, further boosting the Camping market in the region.

Underlying macroeconomic factors: The growing economy in El Salvador has led to an increase in disposable income among the population, allowing more people to afford camping trips and related expenses. Additionally, the rise of social media and influencers sharing their outdoor adventures has contributed to the popularity of camping as a trendy and aspirational leisure activity. These factors combined have created a favorable environment for the growth of the Camping market in El Salvador.

Methodology

Data coverage:

Data refers to enterprises (B2C). Figures are based on camping nights, prices, average length of stay, and camping frequencies.

Modeling approach:

We use industry associations, UNWTO data, the Statista Consumer Insights survey, and pricing data of websites to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as tourism GDP, share of internet users, and demographic data.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the market. For the camping market, Holt-Winters forecast, ARIMA, and Bayesian Ridge regression were used. The main drivers are the tourism GDP per capita and the share of internet users.

Additional notes: :

Data is modeled using current exchange rates. The market is updated twice per year in case market dynamics change.